Hong Kong is trying to prick its housing bubble
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Hong Kong’s top official has raised the property stamp duty for the second time in three years to dampen soaring real estate prices in the world’s least affordable city, ahead of an election campaign where housing affordability is likely to be a central issue.
Effective November 5, the stamp duty on property transactions for non first-time buyers will be raised to 15 per cent for individuals and corporate buyers, Chief Executive Leung Chun-ying said in a televised press conference in the city. Читать дальше...